Mount Nicholson now boasts Asia’s three most expensive homes after US$64 million sale
The sale of a four-bedroom flat for HK$116,945 (US$14,976) per square foot at the luxury development makes it the third priciest in the region
Hong Kong’s super-deluxe Mount Nicholson development has cemented its new position as Asia’s priciest address with the sale of the region’s third most expensive apartment.
The sale of a four-bedroom flat for HK$116,945 (US$14,976) per square foot on Friday means the prestigious project on The Peak now boasts the first, second and third most expensive units in the region.
Having smashed all previous records earlier in the week, an unnamed buyer paid HK$500 million (US$64 million) for the 4,266-square foot flat on the 10th floor, according to Wheelock Properties which oversees sales of the joint project between Wheelock & Co and Nan Fung Development.
“Mount Nicholson has become a new status symbol for the rich, as it now boasts the No 1, 2 and 3 most expensive apartments in Asia,” said Vincent Cheung, deputy managing director for Asia valuation and advisory services at Colliers International.
The deal comes just four days after an unidentified buyer snapped up two adjoining flats at Mount Nicholson for HK$1.16 billion.